What's Going On With Apple Shares - Apple (NASDAQ:AAPL)

Shares of several companies in the broader tech sector, including Apple Inc (NASDAQ:AAPL), are trading lower going into the close of Thursday's session amid overall market weakness following Thursday's Fed decision to raise interest rates by 50 basis points.

What Happened?

The broader market is sliding Thursday after the Federal Reserve on Wednesday raised its target range for the federal funds rate by 0.5%, bringing the new target up to a range of 4.25% to 4.5%.

The Fed will continue to reduce its holdings of Treasury securities, agency debt and agency mortgage-backed securities on a monthly basis. The committee anticipates that ongoing increases in the target range will be appropriate to return inflation to its 2% goal over time...Read More

According to data from Benzinga Pro, Apple is trading lower by 4.50% to $136.76. Apple has a 52-week high of $182.94 and a 52-week low of $129.04.

AAPLApple Inc

$334.850.48%

Overview

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